Global Risks Rising

And yes, that was rather funny, I laughed when I heard it and really, I am not inclined to vote for the gentleman. The 1987 crash showed that regulation cannot prevent stock market crises, but rapid reaction by the Fed can minimize the effect. The selling became intense on Monday, October 23, and the market fell 6.3{bf6128eaee7daf804a40e739f155a69f2d5a72ca2bacccc9954495bcd60bdcac}. By October 24, Black Thursday , the selling frenzy reached a critical mass and turned to flat-out panic. Not including dividends, the Dow was flat from 1929 to 1959, and again from 1966 to 1995.

Average uncertainty about stock market returns increased by 11 per cent during the summer, and it increased again in October-November, by almost an additional 20 per cent. The peak in market indices took place in early September, and this was followed by a gradual but persistent drop. Even after the stock market collapse, however, politicians and industry leaders …